Global Demand for Polyurethane Dispersions to Rise at 5.50% CAGR Fueled by Textiles and Leather Industry

Global Demand for Polyurethane Dispersions to Rise at 5.50% CAGR Fueled by Textiles and Leather Industry

Transparency Market Research states that the global polyurethane dispersions market is anticipated to develop at a 7.50% CAGR from 2012 to 2018 in terms of revenue, driven by increasing demand from the automobile, leather, interiors, furniture, and textiles industries. The report, titled “Polyurethane (PU) Dispersions Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018”, states that by 2018, the value of the global polyurethane dispersions market is anticipated to reach US$1.1 bn. The demand for polyurethane dispersions is projected to rise from 267.1 kilo tons in 2012 to 369.3 kilo tons in 2018, registering a 5.50% CAGR during that period. The 128-page research publication is available for sale on the company website.

While environmental regulations are likely to boost the demand for polyurethane dispersions over the next three years, volatility of raw material prices is anticipated to restrict the growth of the market.On the basis of product, the market is segmented into solvent-based polyurethane dispersions and water-based polyurethane dispersions. In 2011, the latter segment held the largest share of the overall market, in terms of both revenue and volume. Developed regions such as Europe and North America have been replacing solvent-based polyurethane dispersions with water-based versions and this has driven the growth of the product segment.

In terms of application, the polyurethane dispersions market is categorized into natural leather finishing, synthetic leather production, textile finishing, and others such as coatings and adhesives. Adhesives and coatings dominated the polyurethane dispersions market in terms of consumption. However, growing demand from furniture, interiors, and automobile markets is anticipated to make synthetic leather production the most rapidly growing application segment of the polyurethane dispersions market.

Based on geography, the global polyurethane dispersions market covers four key regions: Europe, Asia Pacific, North America, and Rest of the World, which comprises Latin America, Africa, and the Middle East. Accounting for 36.60% of the overall polyurethane dispersions market in 2012, Asia Pacific emerged as the leading regional segment fueled by increasing production and consumption in India, China, and other emerging economies. This region is anticipated to retain its dominant position throughout the forecast period, in terms of both production and revenue. Europe is the second-largest regional market for polyurethane dispersions and in 2012, the region accounted for 28.60% of the global market.

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